hey, this is fixed now with lay theme 1.8.0!
Please take a look here http://laytheme.com/documentation.html#next-project-link
With that method aligning text will work.
You might want to delete your old "next project" and "previous project" links, create new textfields and insert them the new way.
The old "next project" and "previous project" links that you have created before will still work though.
